(a)(1) Subject to the restrictions of Section 17-17-5, the Comptroller shall adopt statewide policies that provide for deductions from the salaries of state employees or groups of state employees whenever a request is presented to the Comptroller by a group of at least 200 participating state employees; provided, however, that deductions being made as of April 23, 1985, shall continue to be made. The deductions shall be made at least monthly and shall be remitted to the appropriate company, association, or organization as specified by the employees. The deductions may be made for membership dues, voluntary contributions, insurance premiums, and financial instruments offered through state employee membership associations, not to include deferred compensation plans. Any deduction provided under this section may be terminated upon two months’ written notice by a state employee to the appropriate company, association, or organization and to the appropriate payroll clerk or other appropriate officials as specified by the Comptroller. (2) For the purposes of this subsection, the term “financial instrument” means an executed agreement or contract for the specified terms of repayment. The state bears no liability on repayment between an employee and a financial institution. (b) The Comptroller may, at his or her discretion, collect from the deductions withheld a cost of administration fee not to exceed one percent of the total deduction collected.
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